Some financial companies are using social media to evaluate the credit worthiness of their customers.
It's a new trend many are starting to look into. How many followers you have on Twitter or friends you have on Facebook could help you in some cases if you're trying to take out a loan.
BMX biking is Adam Grandmaison's passion and business. He sells T-shirts, hats and stickers on his website. But when he applied for a small business loan to launch a smartphone app, there was a problem.
"The loan company was concerned about the fact I have really bad credit," Grandmaison said.
So the lender hit the brakes on his application.
That's until Grandmaison showed them his company's Facebook page with more than 100,000 "likes" and Twitter account with more than 20,000 followers.
"A strong social networking presence is that; it really kind of acts as your currency in terms of it represents who you are online," Grandmaison said.
Could your online reputation really mean money in your pocket?
Start-up company LendUp still reviews loan applicants' credit reports, but if applicants agree, LendUp also checks out their Facebook and Twitter profiles.
"How long have people had their account? How strong is their network? How diverse is their network? How much do they interact?" Sasha Orloff with LendUp said.
LendUp says it keeps the search narrow.
"We don't look at anything that could be construed as discriminating against somebody for things like race or religion or color or marital status or age," Orloff said.
Consumer experts worry this trend could hurt people who don't use social media or want to keep their accounts private.
The Federal Trade Commission is equally concerned; however, 90 percent of top U.S. lenders still rely primarily on a person's credit score to make decisions. But could social media be factored into a future FICO formula?
"We are always looking at different things," Anthony Sprauve with FICO said. "Social media will fall into that, but right now it's still too early."
The FTC says it's important that anyone who is turned down for a loan is told exactly what information the lender used to make that decision, whether it's a credit report, employment history or even information from a social media page. This gives loan applicants the change to correct any information that may be listed incorrectly.